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25 May

Northern European rod prices fall amid quiet market

Northern European wire rod prices have decreased this week amid low demand and a sluggish market, sources say. Most participants expect further falls in the coming weeks. “Most customers are very pessimistic, because there is no real demand for this product,” a trader from the Netherlands tells Kallanish. Prices have decreased by €20-30/tonne ($21-32) depending on the sort. Domestic transaction prices for drawing-quality wire rod are at €65…
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